A bulletin from Marsh’s London office warns that “ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.” The problem prompted marsh to come up with a new product, “Charter Default.” …
Marsh has been named a 2010 NFIP Insurance Agency of the Year by the Federal Emergency Management Agency’s National Flood Insurance Program (NFIP). Patrice Collingwood, practice leader for Marsh’s Flood Service Center, accepted the award on behalf of Marsh earlier …
Catastrophe losses approached record levels in the first quarter but despite this commercial property/casualty insurance rate increases were confined to loss-affected exposures. In regions and for classes of business not affected by recent losses, there was little change in market …
A bulletin from Marsh warns that “organizations need to prepare for the possibility of an extended disruption to global supply chains resulting from the earthquake and tsunami in Japan. Thousands of multinational companies that rely on Japanese manufacturers for goods …
Insurance broker and risk advisor, Marsh, has appointed Mike Kern as its new Kansas City, Mo., office head. Kern brings to Marsh more than 20 years of insurance brokerage and underwriting experience. In his new role, he will oversee all …
Marsh & McLennan Agency (MMA), the retail unit of Marsh, has acquired the Boston office of Kinloch Consulting Group Inc., the employee benefits division of Kinloch Holdings Inc. Terms of the transaction were not disclosed. Kinloch Boston — which has …
Marsh & McLennan Companies Inc. today reported strong revenue growth and net income for the fourth quarter and full year 2010 year. Consolidated revenue for the company in the fourth quarter of 2010 was $2.8 billion, an increase of 9 …
Marsh Inc. has appointed David Bidmead to the newly-created role of CEO of Marsh U.S. In this capacity, Bidmead will guide Marsh’s U.S. retail brokerage operations. He will report to Joe McSweeny, president of Marsh U.S./Canada, who will continue to …
The fallout from the ongoing events in Egypt – protestors have called for a million people to assemble in Cairo today – is affecting both foreign and domestic companies. Several insurance executives in London agreed that “communications are very difficult. …
Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011. Key commercial insurance market drivers from 2009—including intense competition among insurers, abundant capacity, and relatively few insured catastrophe losses—continued through …
